How much would the Harris and Trump economic plans add to the debt?
A new analysis by the Committee for a Responsible Federal Budget (CRFB) found that former President Trump's and Vice President Harris' economic plans would add trillions to the debt.
What were the biggest budget deficits in US history?
The federal government is on pace to run a $1.9 trillion budget deficit in FY2024, which would rank as the third-largest after even larger deficits were incurred in recent years.
Billionaire warns interest on debt topping defense spending a sign 'the country is in trouble'
Billionaire David Rubenstein warned that the surging costs of servicing the national debt now exceeding defense spending are a sign "the country is in trouble."
Elon Musk says America is 'going bankrupt extremely quickly'
Billionaire entrepreneur Elon Musk warns the U.S. government is on the fast track to bankruptcy and must reduce its spending because "this does not have a good ending."
Stuart Varney: Kamala Harris wants to quietly add to our nation's 'tsunami' of debt
FOX Business' Stuart Varney discussed the nation's debt crisis, arguing Kamala Harris' economic plan will lead to higher taxes and compound our deficit problem.
Economist offers bipartisan plan to avoid financial crisis by stabilizing America's surging national debt
The U.S. national debt is growing rapidly to record-setting levels, and economist Brian Riedl proposes a bipartisan plan to stabilize the debt's growth to avert a future debt crisis.
US national debt hits a new record: $35 trillion
The national debt surpassed $35 trillion for the first time just months after topping $34 trillion, as the federal government faces widening budget deficits and fiscal deadlines loom.
US national debt to surge to record levels without reform, raising prospect of debt crisis
The U.S. national debt is on pace to set a new record in 2027 when compared to the size of the economy as federal budget deficits are projected to widen in the years ahead.
Who added more to the national debt, Biden or Trump?
America’s current twin deficits – budget and trade deficits – mean that Uncle Sam is dependent upon the kindness of strangers (foreign governments) to fund its gargantuan spending needs.
Presidential debate: How much did the debt grow under Biden and Trump's terms?
The U.S. national debt is fast approaching a record level when compared to the size of America's economy after the Trump and Biden administrations added to the debt.
Federal budget deficit to reach nearly $2 trillion this year, CBO projects
The Congressional Budget Office projected that the federal deficit is expected to reach nearly $2 trillion this year in a newly released update to 10-year budget estimates.
Rising national debt to reduce Americans' income growth: report
The rising national debt is projected to slow American households' income growth, with higher levels of debt shaving off about one-third of those gains, a new report finds.
Gen X, boomers among student loan borrowers who owe the most: report
New York, Georgia and California are among states with the most student loan debt. Maryland tops the charts with the most debt among borrowers per capita.
JPMorgan's Jamie Dimon says US needs to act on its deficit
JPMorgan CEO Jamie Dimon on Wednesday warned again that the U.S. government must address its runaway spending before the situation results in a crisis.
US national debt interest exceeds defense spending: CBO
Federal spending on servicing the national debt has eclipsed military spending in fiscal year 2024, according to a new report from the Congressional Budget Office.
Hedge fund billionaire says US debt 'is a growing concern that cannot be overlooked'
Citadel founder and CEO Ken Griffin said the rapid growth of the U.S. national debt is a "growing concern that cannot be overlooked" in his annual letter to investors.
A million simulations show US debt is on an 'unsustainable' path
The U.S. is on an "unsustainable" course with regard to its debt-to-GDP ratio, which is expected to hit 123% in 2024, according to a million simulations.
Interest costs on US national debt set to exceed defense spending this year
Total interest on the national debt is poised to become the priciest part of the federal budget, outstripping spending on Medicare and Social Security.
Soaring deficits to push publicly held debt to record level in 4 years
The national debt is projected to eclipse a record set in 1946 in four years after surpassing the size of the U.S. economy according to the CBO's latest projection.
JPMorgan CEO Jamie Dimon warns US driving toward a cliff as debt snowballs
JPMorgan Chase CEO Jamie Dimon warned Friday that America is headed toward a cliff with its soaring debt, saying it must be addressed before it causes a crisis.